expect a lot of face time with media and investor for mike cavanau cavanaugh, the new ceo of investment bank and not so dark horse to succeed dimon. the consumer financial protection view will crackdown on overdraft fees. with the help of the fed's two key facets of dodd frank will reach the finish line. the regulation of the trillion dollar derivatives industry will finish. if either of these hurt competition abroad, expect banks to sue. >>> this christmas eve cnbc got a letter from one bernie madoff. in it he offered the gift of some insight into insider trading. senior correspondent scott cohn joins us on the phone. good morning. >> good morning, karl. bernie madoff has time on his hands. now he spends time communicating with a handful of us off the record. he made a rare exception on christmas eve in an on the record letter that does not address his own situation but he talks about the challenges he sees for regulators. dark pools. those off exchange trading regulations that create a lack of transparency in the markets and turn inside information into gold. the more secret this info